Topics regarding layoffs at JPMorgan Chase & Co.

Topics regarding layoffs at JPMorgan Chase & Co.

New position

Annoyed that I have tried to grow myself and looking to expand because honestly CDA work is mundane and monkey work. How do you get a new position. I get the you didn’t get selected email but no feedback. Terrible.

Employee Survey

HLA here, hoping everyone does the employee survey honestly this year! From my point of view, they are just letting us make minimum wage while going we quit in order to not pay us severance or unemployment. They helped us when covid started, but... — read more 

RIF

Any orgs hear about the RIF happening today?

LOA mortgage

I’m as burnt out as burnt out gets here. Home lending advisor in CEntealized. Very tenured and good performer. This job has been a roller coaster, and I have thrived, survived, and despised all the while. Lately it seems their out to manage/preform... — read more 

Friday 8/4/23- Pay Ratio Disclosure Day observed

SEC.govhttps://www.sec.gov › press-releaseSEC Adopts Rule for Pay Ratio Disclosure Friday 8/4/23- Pay Ratio Disclosure Day observed. On 8/5/2015, the SEC Adopted Rules For Pay Ratio Disclosure. All employees of companies with a CEO pay ratio greater... — read more 

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| 1600 views | | 1 reply (April 20, 2023)
Post ID: @OP+1meW8BLH

Go back to the office. You need the exercise.

How much weight has everyone gained sitting at home? Perhaps more then you would have liked. At least if you go to the office, you get some exercise which is good for your health. Think of putting in that extra few hours in the morning to get to work... — read more 

Non-tech managers making technology decisons

It is sad to see managers without technical background making technology decision without listening to the the technical staff. When asked to explain the decision made, the manager declined to provide explanation. Most likely, the manager was told to... — read more 

RIFS

They are doing ANYTHING and EVERYTHING to get people out of there and not pay severance. Change my mind!

Q1 profits jump 52%

Has anyone been surprised by these quarterly results? https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/quarterly-earnings/2023/1st-quarter/be0fc3a0-c499-4af9-933c-6e7f75025097.pdf

What’s it like working at Chase mortgage?

Good opportunity or no? Comp plan is pretty low (basis points). Good money to be had there? Can you do high production? Or is mostly chasing down branch leads like a quasi call center job?

Cutting Costs

Why do managers say cutting costs in their department and don’t do Layoffs instead ask employees to look for jobs why?

Layoffs March and April 2023

Below someone said they were letting employees go on Friday. Was that in mortgages? Is Cleveland, Ohio and Tempe, AZ the only mortgage/call centers still open?

Yet another fintech aquisition

JPMorgan Chase has agreed to buy Aumni, a Salt Lake City-based investment analytics fintech, the bank announced Wednesday. The deal, which is expected to close by June, marks the latest fintech purchase for the $3.7 trillion-asset bank, which is... — read more 

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Post ID: @OP+1lNMYmu6

Layoffs

JP Morgan started laying off people today again.

This is a weird place where people do what they want.

Bo-m boxes with gospel music/ People constantly taking days off without preapproval while some never go on vacation. Non-English spoken even though the department is in the US and everyone speaks English, at least that is when they need to gripe!... — read more 

Any luck finding new jobs??

Anyone having luck finding other jobs since let go?? The market is bare for everything even outside of mortgage. Probably sent 100 applications with absolutely no calls for interviews

Attrition for Tech, not layoffs

Here is how Bank of America plans to reduce employee levels - https://www.cnbc.com/2022/12/06/bank-of-america-ceo-brian-moynihan-on-how-he-plans-to-trim-its-workforce.html The same concept is applicable to JP Morgan Chase Tech. Employees who are the... — read more 

Game Over?

https://voidnetwork.gr/wp-content/uploads/2016/09/Does-capitalism-have-a-future-a-book-review.pdf

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| 960 views | | no replies yet
Post ID: @OP+1lG6n7q9

More layoffs in June

I heard a rumor the at the next layoffs would be in June. Has anybody else heard something similar? I'm mainly asking because if this is true, that means we're safe for the next few months and I can stop stressing 24/7 over cuts. And yes, I know... — read more 

SVB collapse = huge win for big banks.

https://watcher.guru/news/jpmorgan-citigroup-overwhelmed-with-requests-after-svb-collapse The collapse of Silicon Valley Bank (SVB) has resulted in what many executives are calling, the most significant movement of deposits in a decade.

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| 1200 views | | no replies yet
Post ID: @OP+1lDlDkUN

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